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The EIA average US retail diesel price posted another weekly decline, settling near $4.21 a gallon and down about $1.02 from a year earlier. ULSD futures had recently moved higher on expectations of possible OPEC+ output cuts ahead of a meeting.
Falling diesel costs ease freight and fuel surcharges for feed buyers, while a possible OPEC+ cut could lift crude and diesel prices.
freightwaves.comJohn KingstonNov 20, 2023Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
